Wake up daily to our latest coverage of business done better, directly in your inbox.
Get your weekly dose of analysis on rising corporate activism.
The best of solutions journalism in the sustainability space, published monthly.
Select Newsletter
By signing up you agree to our privacy policy. You can opt out anytime.
The Japanese government has been told by businesses that it needs to scrap its greenhouse gas emissions target and reconfigure its energy mix in the wake of the Fukushima disaster.
The country’s main business federation, Nippon Keidanren, said that a reduction in emissions of a quarter by 2020 is now impossible in light of Japan’s pressing need to reduce its heavy reliance on essentially emission-free nuclear power.
March’s earthquake in Fukushima has already prompted countries elsewhere in the world to phase nuclear power out of their energy plans.
In Germany, however, legal complaints from E.ON, RWE and, most recently, Vattenfall, have been or are expected to be filed, seeking compensation from the German government for the move.
Vattenfall, which is due to lodge its complaint this month, said it stands to lose €700m invested in nuclear power stations, whose life-spans the government had originally agreed to extend.
The company says it is expecting “compensation for the phase out from nuclear energy”.
TriplePundit has published articles from over 1000 contributors. If you'd like to be a guest author, please get in touch!
